What’s the most toxic situations you’ve seen (been)
This is an industry with all sorts of people, and especially often not many good “people managers”. What’s the worst have you seen? Hopefully not but been yourself?
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Bosses threatening to fire his juniors (international), saying they’ll get deported
lmao
he wouldn't have to explicitly say that .. troll lol
Seen someone throw a (reasonably full, large) bottle of hand sanitizer at an analyst
That is insane. Would wanna tell that dude to F off and then press charges
Sounds like my ex
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successful attempt?
Thomas Lee?
Oh...this is an interesting question. Well, most toxic situation I've known, actually, came from myself.
Berated a senior trader after he hit a streak of bad trading decisions (keep taking huge delta exposure and repeatedly flagged by compliance and risk desk, basically his greeks vectors were shit, especially when integrating into our volatility book, it creates portfolio-level tail risks).
It was a dehumansing experience for him lol for sure. Some examples of the expletives are 'sub-human', 'inbred retard', etc. You get the point.
He quitted afterwards.
And no, I didn't regret it lmao.
Edit 1: No, I'm not gonna edit this comment out, come at me losers, keep throwing MS at me
Well, you suck horsecock
Maybe it's strange to you PE boys but there's a thing in HF/liquid strategies called PnL. Anyway, we quants are never impressed by your kind anyway given your best cognitive power is exhibited by Excel keyboard strokes. You can go back and suck your Principal's dick and he will let you keep your job. Doesn't work like that in the HF world, sorry PE boy.
You should get berated for shit grammar
Try to get verified first HF wannabe.
Dude I get firing that guy. But just think for a moment, would you want to be treated that way? Or would you want your father / mother / sister / girlfriend be dehumanized in that way by someone? Just stop and think for a single moment
Remember, what goes around eventually also comes around. The positivity or negativity that you put out will come back to you in ways that you can't expect
del
Your grammar alone, coupled to your reaction on which you seem to pride yourself leads to me thinking you are a very average individual, let alone quant.
All that to say, you’re lucky you didn’t get your teeth caved in - give it a few more shots and soon enough, some guy you’ve insulted will catch you at your doorstep with a baseball bat.
Ok Excel ape. Get bent.
"Your greek vectors are shit!!" screeched the incredibly tough badass
"Greeks vectors"
broken ass english
"Corporate Strategy" 😂😂😂
"he quitted" lmao at you calling other people retards
Failed HF so had to settle for AM? How does it feel when having to do recommendations on single names that your PM actually doesn't take seriously while people your age already have their own sleeves on HF side?
You might be one of the biggest losers I've come across on this site.
Cmon, look at your own username. Name after a trader lol. But you work in PE.
Like cmon, secretly wish to be a trader who owns PnL in real time but of course cower in fear and wet the bed every time you think of public markets hence you coward run to PE with mark-to-market done once a year.
Why do you PE people keep acting like you're the hotshot here lmao delusional paper pushing eunuch.
Hop on TRT and go after a career that demands masculinity and bravery like HF.
Until then, don't talk to me kid.
What goes around comes around. You are an embarrassment to the profession.
The difference in level and style of OP quant’s original comment vs replies (despite it being shit) tells me he is just a larper lol.. we’re probably getting played by a rage baiter
PM threw a stapler at a monitor. Stapler gets stuck in the monitor. Monitor is left next to the fishbowl adjoining the bullpen as a warning to the analysts.
This is why i dont wanna work at a MM (not sure if this is, but probably what goes on there)
Brand name SM. MM PM’s are more conscious of their reputations around their firms
I could probably write a book on my old PM... not as bad as physical assault like some instances above... but a few of the relatively benign instances that occured..
needless to say the fund failed in a fashionable way after almost being successful... which was more gratifying to me than a straightforward failure... it was clear to me that my skills weren't the issue and was incredibly grateful that I landed on my feet at a great fund (one that's mentioned as a "top seat" on this forum) with a great, supportive team that cares about your development... there are a lot of jackasses in this industry who only care about themselves and pull the ladder up after themselves, but there are a good amount of nice people as well... for juniors looking for their 1st seat mentorship+culture goes along a lot further than a brand name+bad culture
maybe a pessimist but this reads like median PM
Or at least its most PMs behavior some % of days... the good ones its closer to 10% than 100%
how did you / former colleagues get out of this situation? any weird time on the beach scenarios?
I just recruited for another seat while I had that job... fortunately was on the "good" side of the PM so got more leeway and autonomy to structure my day which made fitting in interviews easier... managed to escape to a great seat quite a few months before the blow up. One colleague stuck with the PM and I have no idea what they're upto... my guess is probably on the beach because of how evasive they've been. Another colleague unfortunately has been spending time on the beach since a couple months leading up to the blow up with little luck recruiting
I watched a brand name SM HF founder/billionaire throw a hardcover book at the head trader on one particularly negative day (YTD PnL flipped from pos to neg by noon).
Was it due to the head trader not following risk limits or proper frameworks? Could he do something about it or was it out of his control?
Usually head traders are little more than cashiers w no discretion. You might as well punch the cart girl
im glad PL has moved from throwing books to throwing staplers
Every negative SM comment around lawsuits being threatened and verbal abuse my first assumption is just coatue
lots of them. people who take risks on a daily basis and for short timeframe especially equity are not good people to hang around with. most people hold shares for life and these guy zigzag their positions for a living. kind PMs are prob a rare breed
bump
know multiple people who put up serious P&L but were fired right before comp season. that's apparently not rare (says more about the boss than analyst but it's a very unpleasant experience regardless of context)
know a seasoned guy who left a highly regarded shop (and fund economics) for a firm that was courting him with "great culture, flexible mandate, deep capital pools, etc." that firm turned out to be teetering on the brink of insolvency, and the guy who joined basically ended up on the beach for a while
lot of bad actors out there. ranging from ego to lower-case fraud or even upper-case fraud.
my 2c: conduct serious DD on the people and firm before joining. know what they're like, find out from peers, former colleagues, street / desk coverage. if you hear bad rumors, there's usually a reason.
to end on a positive note, there are good people out there. when you find them, invest in those relationships. (don't have to expect anything near term - network value compounds over time.) and working with good people is worht its weight in gold
Worst I've seen personally: someone get fired for not drinking enough at the company happy hour.
Worst I've seen in the news: a portfolio manager making his analyst take female hormones
https://www.cnbc.com/2007/10/10/details-emerge-in-sac-capital-sex-haras…
this right here is nuts
Jesus
That SAC PM is a legend
you need to take a long look in the mirror if that's what you think legends are made of
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